L&T Construction Secures Orders from NMDC, DRDO
The Buildings & Factories (B&F) business has secured a prestigious order from DRDO to construct their Flight Control System Facility at ADE, Bengaluru.
Economy
News on Indian Economy
Peak Power Deficit in India Almost Wiped Out, Says Power Ministry
The power ministry on Monday said the peak power demand deficit in the country has come down by 16.2% over the past 13 years, and it has almost been “wiped out”.
India’s GDP Likely to Grow at 10-10.5% in FY2022: Brickwork Ratings
According to Brickwork Ratings, growth estimate for the India’s gross domestic product (GDP) to be 10-10.5% in the FY22 from an earlier expectation of a 9% growth.
India’s Transition to Green Economy to Create 50 Million Jobs, Contribute US$ 1 Trillion in Economic Impact: WEF
As per a World Economic Forum report, India’s transition to a green economy has the potential to contribute >US$ 1 trillion in economic impact by 2030 and generate >50 million employment opportunities. The report added that the economic impact could expand to US$ 15 trillion by 2070. The WEF published a report on ‘Mission 2070: A Green New Deal for a Net-Zero India’, which offers a roadmap for India’s transition.
Solar Energy Capacity Increased 17 Times in 7 Years; Now at 45 GW: India at COP26
India’s solar energy capacity stands at ~45 gigawatts, an increase of 17X in the last seven years, stated India while presenting its third Biennial Update Report (BUR) in the 11th Facilitative Sharing of Views (FSV) at the COP26 climate summit.
Mobile Payments Firm Paytm Kicks off India’s Biggest IPO
Paytm, the mobile payment company kicks off India’s largest initial public offering on November 8, 2021. The company is backed by Ant Group, Berkshire Hathaway and SoftBank, that collectively own around a third of the firm.
QR Code at Kirana Shop, Direct Cash Transfer to Poor—Internet Economy is Powering New India
Perhaps the biggest upside of the rapid increasing digital penetration has accrued in the public digital infrastructure space. UPI has changed the way money moves in India.
India’s Forex Reserves Increase $1.9 Billion to $642 Billion
India’s forex reserves have increased by USD 1.919 billion to USD 642.019 billion for the week ended October 29 on a healthy increase in the currency assets and value of gold, the Reserve Bank said on Friday.
India, Indonesia And Philippines Join Coal Transition Programme
India, Indonesia and the Philippines will join South Africa as the first recipients of a multibillion dollar pilot programme aimed at accelerating their transition from coal power to clean energy, the Climate Investment Funds (CIF) said on Thursday.
India Delivers 100 Tonnes of Nano Fertilizer to Sri Lanka
Taking to Twitter, Indian High Commission in Sri Lanka said that the delivery was in response to a call by the Sri Lankan government for urgent support in airlifting nano fertilizers.